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dc.creatorAguilera Bravo, Asieres_ES
dc.creatorCasares Polo, Migueles_ES
dc.description.abstractThis paper computes the steady-state optimal rate of inflation assuming two different sticky-price specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal rate of inflation in steady state is always positive. This result is robust to changes in the degree of price stickiness. In both cases of staggered prices, the optimal rate of inflation is approximately equal to the ratio between the rate of discount and the Dixit-Stiglitz elasticity.en
dc.description.sponsorshipAsier Aguilera-Bravo gratefully acknowledges financial support from Fundación Banco Sabadell, Fundación Bancaria Caja Navarra and Universidad Pública de Navarra. Miguel Casares would like to acknowledge financial support from the Spanish government (research project ECO2015-64330-P).en
dc.format.extent14 p.
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.subjectMonopolistic competitionen
dc.subjectSticky pricesen
dc.subjectOptimal inflationen
dc.titleOn staggered prices and optimal inflationen
dc.typeDocumento de trabajo / Lan gaiakes
dc.contributor.departmentUniversidad Pública de Navarra. Departamento de Economíaes_ES
dc.contributor.departmentNafarroako Unibertsitate Publikoa. Ekonomia Sailaeu
dc.contributor.departmentUniversidad Pública de Navarra / Nafarroako Unibertsitate Publikoa. Inarbe - Institute for Advanced Research in Business and Economicses_ES
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.contributor.funderUniversidad Pública de Navarra / Nafarroako Unibertsitate Publikoaes

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CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
Except where otherwise noted, this item's license is described as CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)